Strs Ohio Purchases Shares of 29,400 CS Disco, Inc. (NYSE:LAW)

Strs Ohio purchased a new stake in CS Disco, Inc. (NYSE:LAWGet Rating) during the third quarter, Holdings Channel reports. The institutional investor purchased 29,400 shares of the company’s stock, valued at approximately $294,000.

A number of other hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in CS Disco by 26.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 99,344 shares of the company’s stock valued at $993,000 after purchasing an additional 20,572 shares in the last quarter. Stanley Laman Group Ltd. acquired a new stake in CS Disco in the 3rd quarter valued at about $1,813,000. Legal & General Group Plc raised its position in CS Disco by 619.6% in the 2nd quarter. Legal & General Group Plc now owns 10,045 shares of the company’s stock valued at $182,000 after purchasing an additional 8,649 shares in the last quarter. State Street Corp raised its position in CS Disco by 30.2% in the 2nd quarter. State Street Corp now owns 404,462 shares of the company’s stock valued at $7,296,000 after purchasing an additional 93,912 shares in the last quarter. Finally, Capital Impact Advisors LLC acquired a new stake in CS Disco in the 2nd quarter valued at about $297,000. Institutional investors and hedge funds own 58.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group cut their target price on CS Disco from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, October 31st. Cowen cut their target price on CS Disco to $12.00 in a research report on Wednesday, November 16th. Needham & Company LLC cut their target price on CS Disco from $35.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 11th. Citigroup lowered CS Disco from a “buy” rating to a “neutral” rating and cut their target price for the stock from $16.00 to $8.00 in a research report on Thursday, January 12th. Finally, Moffett Nathanson assumed coverage on CS Disco in a research report on Thursday, September 22nd. They set an “outperform” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, CS Disco has a consensus rating of “Hold” and an average target price of $19.15.

CS Disco Trading Down 2.3 %

Shares of LAW stock opened at $6.33 on Friday. The business’s 50 day moving average is $7.06 and its two-hundred day moving average is $12.61. CS Disco, Inc. has a twelve month low of $5.56 and a twelve month high of $40.73. The company has a market capitalization of $373.71 million, a P/E ratio of -6.03 and a beta of 2.04.

CS Disco (NYSE:LAWGet Rating) last announced its earnings results on Thursday, November 10th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.04. CS Disco had a negative return on equity of 23.58% and a negative net margin of 44.84%. The company had revenue of $34.48 million for the quarter, compared to the consensus estimate of $33.04 million. As a group, equities analysts predict that CS Disco, Inc. will post -1.26 earnings per share for the current fiscal year.

About CS Disco

(Get Rating)

CS Disco, Inc, a legal technology company, provides cloud-native and artificial intelligence-powered legal solutions for ediscovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. The company offers DISCO Ediscovery, a solution that automates ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters.

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Institutional Ownership by Quarter for CS Disco (NYSE:LAW)

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